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10 US Spot Bitcoin ETFs Absorbed 548,556 BTC Worth $36 Billion in 128 Days


According to recent data, the ten spot bitcoin exchange-traded funds (ETFs), excluding Grayscale’s Bitcoin Trust (GBTC), acquired 548,556.62 BTC from the market over the last 128 days. This acquisition means the ten newly introduced spot bitcoin ETFs collectively hold 2.78% of the crypto...

Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch


Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs...

Crypto ETF race intensifies with US and Hong Kong spot crypto ETFs


Other countries and global markets will soon join the digital asset race, including Australia. Recently, the American Securities and Exchange Commission approved spot Bitcoin ETFs. Hong Kong also took a similar initiative, approving spot Ether Exchange Traded Funds. The US performed better than...

Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift


Bitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine...

Dogecoin Creator Expresses Pessimistic Stance on Spot Ether ETF Approval


Billy Markus, the co-founder of Dogecoin, has expressed his scepticism regarding the approval of spot Ethereum exchange-traded funds (ETFs), although the US Securities and Exchange Commission (SEC) has not yet made a decision on the matter. The post Dogecoin Creator Expresses Pessimistic Stance...

US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting $303M on Wednesday


U.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows have been minimal, recording zero inflows over the past few trading sessions....

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